$DASH

🚀 DASH/USDT Technical Analysis: Consolidation Before the Next Move?

Dash ($DASH) is currently showing a period of tight consolidation on the 4H chart as it battles a key psychological and technical level.

📊 Key Technical Insights:

Current Price: $64.55 (Trading near the 99-period EMA).

EMA Alignment: The price is squeezed between the EMA(7) ($65.05) and the EMA(99) ($64.56). A breakout above $65.10 could signal a short-term bullish reversal.

RSI (6): Sitting at 40.54, indicating the coin is leaning toward the oversold territory but hasn't reached the "buy the dip" extreme yet. There is room for upward movement if volume supports it.

Support & Resistance:

Immediate Support: $62.31 (Recent local low).

Main Resistance: $67.50 – $70.00 (Where the EMA(25) currently sits).

💡 Trade Strategy:

Bullish Scenario: Look for a 4H candle close above $65.50. Target levels: $67.50 and $72.00.

Bearish Scenario: If $64.00 fails to hold, we may see a retest of the $62.30 support zone.

🏁 Summary:

DASH is in a "wait-and-see" zone. The high volume spikes seen earlier in the week suggest that whales are still active, but the trend remains neutral-to-bearish until $67.50 is reclaimed. Watch the $65.10 breakout closely!

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